• Ericsson average current ratio for 2023 was 1.13, a 16.91% increase from 2022.
• Ericsson average current ratio for 2022 was 1.36, a 3.82% decline from 2021.
• Ericsson average current ratio for 2021 was 1.31, a 4.8% increase from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.